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understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> s that essentially it? >> that's essentially it. people would have a choice of either traditional government-run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will the check that comes from the government cover the cost of government-run medicare or the private health insurance? >> oh, yeah, people will have a choice of at least two plans where they have no additional out-of-pocket cost other than the traditional medicare formula so they've got to have at least a couple options where they don't have to put up more money. as to the government plan, as long as the government is able to keep its cost down, keep its overhead down it could well be one of the lowest costs, if not the lowest cost option. >> pelley: separateedly republican party said today that it has filed a com
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